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Square Inc. To Go Carbon Neutral in Its Bitcoin Operations by 2030
Jack Dorsey’s payment company Square Inc. has laid out plans to go carbon neutral bordering on all Bitcoin and operational aspects by 2030.
Digihost Plans to Move Mining Rigs from NY to Alabama, Expand Energy to 55 MW in 2023
U.S.-based crypto miner Digihost Technology Inc. plans to move drilling rigs from New York to Alabama, expanding energy capacity to 55 MW in the second quarter of 2023.
Bitcoin Can’t Drive Financial Inclusion for Unbanked But CBDC Can says Mastercard CEO
Ajay Banga, the CEO of Mastercard believes Bitcoin is unable to function as an inclusive currency for the world’s unbanked due to volatility, CBDCs are a different story.
Arbitrum Proposes 75 Million ARB Short-Term Incentive Program
Arbitrum ($ARB) Incentives Working Group proposes a Short-Term Incentive Program to distribute 75 million ARB tokens from DAO-funded incentives to active protocols on the Arbitrum network. The program aims to support network growth, experiment with incentive strategies, find new grant models, and collect incentive data for future programs.
Decentralized Exchange dYdX Proposes $20M Incentive Program for v4 Launch
Chaos Labs proposes a $20M, 6-month Launch Incentives Program for the transition to dYdX v4. The initiative aims to facilitate user and volume migration to the new dYdX Chain, with a robust pre-launch and post-launch strategy. Governance proposals will guide the distribution of DYDX rewards, maintaining transparency and community oversight throughout the program.
South Korea Advances CBDC Pilot Project: Jeju, Busan, and Incheon Selected as Test Regions
South Korea selects Jeju, Busan, and Incheon for its CBDC pilot project, excluding Seoul. The Bank of Korea aims to test digital currency issuance and distribution.
UK Media Mogul Calls DeFi a Revolution Against Corrupt Global Banking System
Alexander Lebedev, the billionaire UK media mogul and former banker has endorsed the revolutionary power of DeFi against a corrupt global banking system.
Blockchain Security Firm Files Patent for Ransomware Solution EB Drive
Blockchain networking company Everything Blockchain, Inc. applies for a patent for its Blockchain drive (EB Drive).
Top Brazilian Investment Broker to Roll Out Crypto Trading Services in August
XP Inc., a leading Brazilian investment brokerage firm, plans to establish a crypto trading platform by mid-August, offering Bitcoin and Ethereum trading at the early stage.
CFTC Commissioner Clarifies the Agency's Sweeping Rights to Regulate Crypto Derivatives
CFTC Commissioner Dawn D. Stump has given several clarifications that show the agency has powers to regulate cryptocurrencies.
Twitter CEO Endorses Bitcoin For Black America
According to his tweet on February 23rd, while promoting the book discussing Bitcoin’s huge potential benefits to the African-American community, Jack Dorsey, CEO of Twitter who is no stranger to controversies in the media, used the fanbase of his Twitter platform for this cause.
Helium Farm's New Mining Plans Promise Lucrative HNT Returns in 2024
Helium Farm unveils three innovative mining plans in 2024, promising attractive returns on HNT. Offering robust services and global reach, the plans are a blend of profitability and security for investors
Ripple and Onafriq Forge Alliance for Blockchain-Enabled Payments in Africa
Ripple and Onafriq are collaborating to introduce blockchain-powered cross-border payments, aiming to improve transaction efficiency and financial inclusion in Africa, the GCC, the UK, and Australia.
Matrixport Launches New Crypto Products with Fixed Income Investment and the Flexi-Term Investment Product
SINGAPORE - On 18th May 2020, Matrixport will introduce the Fixed Income Investment Product and the Flexi-Term Investment product, where asset security is protected by a risk control mechanism by real crypto assets guaranteed by excess pledge.
Fitch Warns El Salvador’s Bitcoin Adoption Will Hurt Local Insurers’ Credit Ratings
Fitch Ratings has warned El Salvador that its bitcoin adoption plan poses serious risks to local insurance companies.
Facebook Libra: The Latest Crypto Used in Illegal Financial Activities?
“With the evolution of virtual currencies and new marketplaces, nefarious actors are continuously adapting to find new ways to engage in illegal financial activity.” said U.S. Representatives Emanuel Cleaver, during the briefing with Financial Crimes Enforcement Network (FinCEN) on 27 June.
Uber’s Former Security Chief Charged for Using $100K Bitcoin Hush Payment to Hide Data Breach
Former Chief Security Officer at Uber, Joseph Sullivan, has been charged with allegedly paying $100K in Bitcoin to hackers to cover up a company data breach.
Hong Kong Science and Technology Park: Turning Tech Startups' Visions into Reality
Blockchain.News sat down with Peter Mok, Head of Incubation and Acceleration Programmes, HKSTP to gain further insight into the incubation initiative and the custom-made programs, that have been designed to support technology startups, and specifically how they could be utilized by blockchain startups.
Canaan Inc. Secures Major Order for Avalon Miner A1566 from Cipher Mining
Canaan Inc. announces significant purchase order from Cipher Mining for Avalon Miner A1566 units.
Ripple (XRP)'s 2023 Impact Report: Financial Inclusion and Climate Resilience
Ripple (XRP)'s 2023 Impact Report highlights strides in financial inclusion, blockchain research, and sustainability initiatives.
Canaan Unveils Immersion Cooling Avalon Miner A1566I at Mining Disrupt 2024
Canaan Inc. launches the Avalon Immersion Cooling Miner A1566I at Mining Disrupt 2024, featuring enhanced efficiency and innovative design.
Sui Bridge Testnet Incentive Program Nears Conclusion
The Sui Bridge incentivized testnet phase ends on July 8th, urging participants to complete required actions for rewards.
GitHub Reports Two Incidents in June 2024 Affecting Service Performance
GitHub's June 2024 report details two incidents causing degraded performance, impacting Issues and Migration services.
HKMA Reports HK$104 Billion Investment Income for Exchange Fund at Mid-2024
The Hong Kong Monetary Authority (HKMA) announces the Exchange Fund's HK$104 billion investment income for the first half of 2024.
Tether (USDT) Commits $3M to Kem for Financial Inclusion in the Middle East
Tether invests $3 million in Kem to boost financial inclusion and USD₮ adoption in the Middle East, targeting improved economic conditions and access to financial services.
GitHub Reports Four Major Incidents Affecting Services in July 2024
GitHub experienced four significant service disruptions in July 2024, affecting Webhooks, Copilot, and Actions. Learn more about the incidents and mitigation steps.
Canaan Inc. to Participate in Rosenblatt's Technology Summit on AI and Bitcoin Mining
Canaan Inc. announces participation in Rosenblatt's 4th Annual Technology Summit, focusing on AI and Bitcoin mining ASICs.
Canaan Inc. (CAN) to Release Q2 2024 Financial Results on August 15
Canaan Inc. (NASDAQ: CAN) will report its Q2 2024 financial results on August 15, 2024, before the U.S. market opens, according to PRNewswire.
Canaan Inc. (CAN) Reports Strong Q2 2024 Financial Results
Canaan Inc. (NASDAQ: CAN) reports robust Q2 2024 financial results with significant revenue growth and improved profitability.
Canaan Inc. to Join Macquarie's 15th Annual ASEAN Conference
Canaan Inc. (NASDAQ: CAN) will participate in Macquarie's 15th Annual ASEAN Conference on August 27-28, 2024, hosting one-on-one meetings with institutional investors.
Rahat’s Rumee Singh Enhances Financial Resilience with Blockchain
Rahat, led by Rumee Singh, leverages blockchain technology to support financially vulnerable populations globally, winning accolades and grants.
BNB Chain Launches $300,000 TVL#4 Incentive Program to Boost DeFi Ecosystem
BNB Chain has unveiled a $300,000 TVL#4 Incentive Program to foster DeFi growth. Projects can compete in staking and TVL challenges.
Canaan Inc. to Join Benchmark's 11th Annual TMT Conference in NYC
Canaan Inc. (NASDAQ: CAN) will participate in Benchmark's 11th Annual TMT One-on-One Conference in New York City on September 4, 2024.
Canaan Inc. to Join 4th Annual Needham Virtual Crypto Conference
Canaan Inc. (NASDAQ: CAN) will participate in the 4th Annual Needham Virtual Crypto Conference on September 5, 2024, featuring a presentation and investor meetings.
Canaan Inc. to Join H.C. Wainwright Global Investment Conference 2024
Canaan Inc. (NASDAQ: CAN) announces participation in H.C. Wainwright's 26th Annual Global Investment Conference on September 9-11, 2024.
EigenLayer Unveils Programmatic Incentives v1 to Reward Stakers and Operators
EigenLayer announces Programmatic Incentives v1, providing EIGEN rewards to stakers and operators. The incentives start in October 2024, retroactive to August 2024.
Tether (USDT) Invests $1.5 Million in Sorted Wallet to Boost Financial Inclusion
Tether invests $1.5M in Sorted Wallet to enhance financial inclusion in emerging markets, focusing on Africa and Southern Asia.
NVIDIA Joins U.S. Government's Global AI Inclusivity Initiative
NVIDIA partners with U.S. government to launch the Partnership for Global Inclusivity on AI, providing training, GPU credits, and grants to developing countries.
OFAC Sanctions Russian Exchange Cryptex and Facilitator UAPS, FinCEN Targets PM2BTC
The U.S. Treasury's OFAC designates Russian exchange Cryptex and facilitator UAPS, while FinCEN names PM2BTC a primary money laundering concern.
Canaan Inc. Secures $50 Million in Final Tranche of Preferred Shares Financing
Canaan Inc. has completed its third and final tranche of preferred shares financing, raising $50 million to expand its North American self-mining operations.
Bitcoin: The Progressive's Dream Financial Product
Pantera Capital outlines why Bitcoin embodies the ideal financial inclusion product, emphasizing its borderless, permissionless, and cost-effective features.
Exploring Income Investment Opportunities with VanEck ETFs
Discover VanEck's diverse range of income-focused ETFs, offering strategic opportunities across various market segments, including CLOs, high-yield bonds, and mortgage REITs.
GitHub's 2024 Initiatives for Diversity and Inclusion Highlight Global Impact
GitHub emphasizes diversity and inclusion in 2024, focusing on ethical AI, open source education in Africa, and workforce diversity, according to The GitHub Blog.
Canaan Inc. Secures Major Order from CleanSpark for Bitcoin Mining Equipment
Canaan Inc. has announced a significant deal with CleanSpark, supplying 3800 Avalon A1566I miners to bolster CleanSpark's immersion mining operations, enhancing efficiency.
GitHub Faces Performance Challenges Due to DNS Incident in October 2024
GitHub experienced a significant performance issue in October 2024, affecting DNS infrastructure and impacting services like Copilot and Actions workflows.
Canaan Inc. (CAN) to Announce Q3 2024 Financial Results on November 20
Canaan Inc. is set to release its third-quarter 2024 financial results on November 20, 2024, followed by a conference call to discuss the outcomes.
Character.AI Discloses Brief User Data Exposure Incident
Character.AI reported a brief incident where user data was exposed to others for ten minutes. The company has implemented additional safeguards to prevent future occurrences.
Canaan Inc. (CAN) Secures Securities Purchase Agreement for North American Expansion
Canaan Inc. has finalized a securities purchase agreement to bolster its digital mining operations and equipment production in North America, securing investment from a key institutional partner.
Canaan Inc. Expands Bitcoin Mining Operations in North America
Canaan Inc. strengthens its North American presence with expanded Bitcoin mining operations in Texas and Pennsylvania, aiming for a 10 EH/s capacity by mid-2025.
Canaan Inc. Expands Partnership with HIVE Through New Order of 5,000 Avalon Miners
Canaan Inc. has secured a follow-on order from HIVE for 5,000 Avalon A15-194T miners, enhancing their collaboration in Bitcoin mining operations.
Canaan Inc. (CAN) Registers 120% YoY Revenue Increase in Q3 2024
Canaan Inc. (NASDAQ: CAN) reports a significant 120.9% year-over-year revenue increase for Q3 2024. The company sold 7.3 million Thash/s computing power, despite a challenging market.
Canaan Inc. Secures $30 Million in Series A-1 Financing
Canaan Inc. successfully concludes its Series A-1 preferred shares financing, raising $30 million. The deal involves issuing 30,000 convertible preferred shares to an institutional investor.
May 31: Everyone Wants to be the Broker in Crypto
BTC has managed to get into my sell zone with ETH clearly leading the charts with the triangle breakout getting quite a few technical guys excited. Contrary to this spike, 20k+ ETH Dec 120 puts traded at $8.4 yesterday. So who's gonna be right?
PIMCO Begins to Step into the Field of Crypto amid the Fad of Bitcoin
A Fix-income investment management giant PIMCO began to get involved in the cryptocurrency field and gradually increased the amount of investment.
Blockchain Experts Discuss: Will Blockchain Be the Missing Piece to Financial Inclusion?
The Singapore Fintech Festival rounded up blockchain discussions on the last day of the festival, focusing on one of the main themes of the event, financial inclusion.
Leaked FinCEN Files: $137M Linked to Crypto Ponzi Scam OneCoin Laundered Through Bank of New York Mellon
A leaked trove of US official documents revealed that five major banks were involved in illicit transactions pertaining to mobsters and crypto Ponzi schemes.
Luxury Car Purchases by Crypto Doubled to $12m in 2021, Says AutoCoinCars Executive
The number of customers worldwide using cryptocurrencies to buy vehicles has significantly increased. An executive of AutoCoinCars has seen sales on its platform double to $12 million in 2021.
Crypto Needs a Balanced Approach for an Enhanced Global Outreach, PayBito CEO Says
For crypto’s full potential to be harnessed, striking a balance between divergent patterns and enhancing diversity at all levels is needed, according to Raj Chowdhury, the CEO of crypto trading platform PayBito.
Singapore to Charge Income Tax on NFT Trading, says FM Lawrence Wong
In Asia, Singapore extends tax charging on NFT transactions, local media reports.
CoinSmart Is on the Hunt to Buy Distressed Crypto Assets
The recent market crash is the latest in global financial events that have created unique opportunities for buyers like CoinSmart and FTX wanting to acquire distressed crypto firms at a bargain valuation.
1INCH Sets New All-Time High as Token Launches on Coinbase Pro
With the decentralized finance boom, many projects have emerged in the DeFi market. 1INCH stands out among them.
Scroll's 2024 Agenda: Lower Costs, Enhanced Security, and Increased Decentralization
In 2024, Scroll plans to make blockchain technology more accessible, secure, and decentralized. The company will reduce operational costs by 50%, integrate data compression techniques, and implement 4844 data blobs. It will also enhance compatibility with Ethereum Improvement Proposals and SHA256 precompile.
Nigeria Takes the Highest Bitcoin Optimism Levels at 60%, Survey Reads
Since knowledge feeds optimism and participation, Nigeria emerged as the top nation with the highest rates of optimism about Bitcoin’s future at 60%, according to a study by Jack Dorsey-owned Block, Inc.
US Treasury Fines Bittrex Exchange $29m for Multi-Year Sanctions Violation
The United States Treasury Department through the Office of Foreign Assets Control (OFAC) and the Financial Crimes Enforcement Network (FinCEN) has fined Bittrex $29 million due to failure to prevent individuals in sanctioned jurisdictions from using its platform.
SEC Makes ICO Token Sales More Inclusive, Not Enough For SEC Commissioner Hester Peirce
The US SEC has modernized their definition of an 'accredited investor' to consider not just an individual’s wealth, but their education.
IMF Emphasizes Digitalization in Financial Inclusion Agenda
IMF Managing Director Kristalina Georgieva emphasizes the role of digitalization in expanding financial inclusion. She calls for a balanced approach that includes regulation to ensure financial stability. The IMF has also been active in digital finance, recently presenting a crypto-risk assessment tool.
NFT Market Sees Upward Trend with Steady Increase in Weekly Ethereum Volumes
The NFT market has seen a significant recovery, with weekly Ethereum volumes increasing from 29,704 ETH to 68,342 ETH, with marketplaces like Blur and BAYC experiencing high trade activity.
BlockFi's Collapse Tied to Ignored Risks with FTX and Alameda Research
BlockFi's collapse tied to ignored risk warnings and flawed business practices, reveals a court filing. CEO Zac Prince allegedly dismissed concerns over high-risk loans to Alameda Research.
1inch Launches Wallet on Apple iOS App Store
1inch, a decentralized exchange aggregator operating on both Ethereum and Binance Smart Chain, launched its wallets on Apple iOS this Tuesday.
Mastercard Tapped to Issue Prepaid Cards Linked to Bahamas’ Central Bank Digital Currency
Mastercard has partnered with the Central Bank of The Bahamas and Island Pay to issue prepaid cards that would allow people of Bahamas to instantly convert the Bahamas’ CBDC to cash during purchases.
The Number of Crypto-Related Enforcement Actions in the United States Grows
Blockchain risk monitoring business Solidus Labs predicts a significant rise in US federal and state enforcement actions in 2022.
Exclusive: Access, Connectivity and Inclusion—How UNICEF Leverages Blockchain to Close the Digital Divide
Christina Lomazzo is the Blockchain Lead for UNICEF’s Office of Innovation; whose work mainly involves leading the blockchain efforts at UNICEF Ventures where she heads up a diverse team of six. Together they invest in early technology prototypes that they assess and determine could have an exponential impact on UNICEF’s operations and ability to fulfill its mission across the developing world.
Bitcoin Mining Firm Marathon Digital Posts 91% Growth in Q3, Gets $100M Credit Line from Silvergate Bank
Marathon Digital Holdings Inc announced its financial results for the third quarter, indicating that the crypto mining firm recorded a 91% growth in revenues in Q3 compared to Q2.
Block's AUD$3M Investment Boosts Indigenous Business Sector in Australia
Block Inc. invests AUD$3 million in First Australians Capital's new fund, supporting Indigenous businesses in Australia, aiming to empower entrepreneurs, foster economic growth, and create community wealth.
FinCEN Director Kenneth Blanco Warns Banks to Take Crypto AML Seriously
Kenneth Blanco, the Director of the FinCEN warned banks to seriously consider how virtual currencies should fit into their anti-money laundering (AML) policies.
Bridging the Accessibility Divide in AI: New Study Insights
New study highlights the need for inclusive design in AI-powered information systems, vital for users with low literacy.
KuCoin Labs Rolls Out Incubation Program with Univers Network to Boost Web3 Exploration
KuCoin Labs, the incubation and investment arm of crypto exchange KuCoin, has launched an incubation program with Univers Network to aid the exploration of the Web3 space.
Fonbnk and Tanda Partner to Launch Airtime Trading Marketplace in East Africa
Fonbnk and Tanda have partnered to launch an airtime trading marketplace in East Africa, allowing micro-entrepreneurs to earn revenue and store their profits in dollarized stablecoins. The partnership increases liquidity in the marketplace through the buying and selling of prepaid airtime for profit, providing more earning opportunities and creating a growth flywheel effect through improved liquidity and marketplace efficiency.
Mastercard VP On Blockchain, Digital Assets and CBDC: “Everything Ends in Transactions and Payments”
Ashok Venkateswaran, Mastercard’s Blockchain and Digital Assets Lead, Asia Pacific shares insights on the payment giant's new blockchain and digital initiatives.
President Biden Freezes Mnuchin's Controversial Proposed Regulation on Unhosted Crypto Wallets
FinCEN’s controversial regulation proposal on “unhosted” crypto wallet has been effectively frozen by President Joe Biden as his administration takes office today.
First Bitcoin Mixer Slapped with $60M Fine by FinCEN in Money Laundering Crackdown
FinCEN charged a Bitcoin-mixing operator with a $60 million civil money penalty for violating anti-money laundering regulations.
Global Microfinance Market Projected to Reach $506 Billion by 2030
The global microfinance market, valued at $200 billion in 2022, is expected to grow to $506 billion by 2030, according to a new report by ResearchAndMarkets.com. The market is set to expand at a CAGR of 12.3% from 2022 to 2030. Microenterprises are identified as a vital growth driver for Microfinance Institutions (MFIs). The report also highlights the role of emerging technologies like AI and blockchain in shaping the industry.
CoinCorner Partners with Al Maktoum Family Office to Offer BTC Trading in UAE
CoinCorner has inked a strategic partnership with the Seed Group to offer residents of the United Arab Emirates an avenue to transact in digital currencies.
Crypto Trading Income eToro Spikes to $264 Million in Q2
eToro has posted a massive increase in cryptocurrency income that accounts for 73% for its entire trading commissions in the second quarter 2021. The company’s latest financial results provide more evidence that the cryptocurrency boom is more than just hype.
The Bahamas Becomes First Country to Launch its CBDC, the ‘Sand Dollar’
The Bahamas has launched the Sand Dollar, making it the first country in the world to officially release a central bank digital currency (CBDC) beyond the testing phase.
Binance Labs Launches Season 7 of Incubation Program for Web3 Innovators
Binance Labs invites early-stage Web3 founders to apply for Season 7 of its Incubation Program, offering tailored mentorship and resources.
EPC Blockchain among 16 Startups Selected to Join EY Incubator
Big four accounting firm Ernst & Young (EY) has selected 16 early-stage startups to join its EY Foundry Cohort 5 program to propel disruptive solutions in four areas.
Hong Kong with its Incredibly Unique Positioning in FinTech
In the second part of our interview with Peter Mok, Head of Incubation and Acceleration Programs at the Hong Kong Science and Technology Park (HKSTP), he went into detail on the initiatives they have developed to combat the global talent shortage, bring Hong Kong’s lagging Fintech industry up to speed and he tells us how blockchain startups can leverage the Hong Kong-Shenzhen Innovation and Technology Park.
Meta to Shut Down Novi Crypto Wallet in September
Although Meta Inc said it will end the Novi digital Wallet, the firm plans to continue executing its existing fintech goals to boost greater financial inclusion as it looks ahead to the metaverse.
FinCEN Issues Alert to Counter Financing to Hamas and its Terrorist Activities
The Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of the Treasury has issued an alert to financial institutions, urging vigilance in identifying and reporting suspicious activities related to the financing of the terrorist organization Hamas. The alert comes in the wake of a Hamas-led attack on Israel on October 7, 2023, which was funded through various means, including virtual currency.
NBG Georgia Shortlists Ripple Among Tech Firms for CBDC Pilot
The National Bank of Georgia progresses with its Digital GEL Pilot Project, focusing on the exploration of Central Bank Digital Currency (CBDC) technology. Nine technology firms, including Ripple Labs, Inc., have been shortlisted for potential collaboration. The initiative mirrors global trends in modernizing financial infrastructures to meet the digital economy's evolving demands.
China's Guangdong Province Aims to Lead in Quality and Innovation by Embracing Blockchain and AI Technologies
In a recent move, the Guangdong Provincial Party Committee and Provincial Government have issued the "Outline for Building Guangdong Province as a Strong Quality-driven Province," outlining their vision to enhance the leading role of industrial clusters in terms of quality.
Japan’s Crypto Exchange Coincheck to List on NASDAQ Stock Market in July 2023
Coincheck wants to list its shares on the Nasdaq through a merger with a SPAC company.
Exclusive: CEX.IO - The Holistic Bitcoin Exchange Taking the US Regulatory Road Less Travelled
Oleksandr Lutskevych is the Co-founder and CEO at CEX.IO LTD, a successful London-based holding company consisting of the CEX.IO Bitcoin Exchange. Established in 2013 as the first cloud mining provider, CEX.IO is a multi-functional regulated cryptocurrency exchange, registered as a Money Business Service (MSB) by US regulator FinCEN.
Bitcoin Investment in Pension Portfolio Diversifies Inflation Risk: First Digital Trust CEO
Blockchain.News conducted an interview analysis to examine whether adding Bitcoin to a standard pension fund portfolio has positive impact on the fund’s risk and return figures.
US Federal Prosecutors Investigate Block Inc. for Compliance Violations
US federal prosecutors are conducting an investigation into Block Inc., the fintech company founded by Twitter co-founder Jack Dorsey. The investigation follows allegations of compliance violations at Block's payment arms, Square and Cash App. A whistleblower has provided documents showing that Block processed transactions for users in countries subject to economic sanctions and facilitated crypto transactions for terrorist groups. The company is accused of failing to address these breaches despite being alerted to them.
Swiss-based Crypto Firms Selects Tezos for Tokenizing Finance Products
Swiss firms, Crypto Finance Group, InCore Bank, and Inacta have tapped the power of Tezos blockchain to launch tokenized finance products.
Global Blockchain Technology Market Expected to Hit $19.9 Billion
The global blockchain technology market is anticipated to reach $19.9 billion by 2026 from the current $3.4 billion value, according to market research publisher Global Industry Analysts Inc.
May 26: It's Always Been There
Strategy today? With SPX e-mini futures now just shy of 20 points from 3,000 level and the highest it's traded since the March 23 crash, I expect BTC to follow. Expectedly, this recent sell off has been mostly triggered by large players (i.e. whales) trimming their positions.
DeFi Technologies Inc's Subsidiary Valour Owns over $274m in AUM
DeFi Technologies Inc announced Wednesday that its subsidiary Valour records $274 million in assets under management (AUM).
Can CBDC Drive Financial Inclusion?
There are still 1.7 billion unbanked in the world. What are the reasons behind such a significant number of unbanked? Can CBDC drive their financial inclusion?
Coin Center Questions Tornado Cash Indictments in Light of FinCEN Guidance
The US Office of Foreign Asset Control accused former Tornado Cash creators Roman Storm and Roman Semenov for conspiracy to run an unauthorised money-transmitting company. The crypto community worries about the indictment's FinCEN compliance. Peter Van Valkenburgh, Coin Center's research director, said Tornado Cash's tools may not classify developers as money transmitters.
Toronto-Based Valour Inc to Launch Bitcoin ETP Börse Frankfurt
Toronto-based technology company Valour Inc. has announced its intention to launch Carbon Neutral Bitcoin Exchange Traded Product (ETP), on Börse Frankfurt, the largest stock exchange in Germany
Wallet of Satoshi Withdraws from the U.S. Market Amid Regulatory Challenges
Wallet of Satoshi withdraws from U.S. market, highlighting regulatory challenges faced by crypto service providers like GameStop and Binance, reflecting evolving U.S. cryptocurrency regulation landscape.
Meta Cuts 11,000 Jobs to Focus on Core Areas Including the Metaverse
Meta Platforms has cut 11,000 jobs but is still committed to its metaverse pursuits
ConsenSys Sued For IP Theft by Blockchain Startup from its Own Incubator
BlockCrushr, a Canadian blockchain firm has accused ConsenSys of stealing its intellectual property after it took part in a ConsenSys’ startup accelerator program.
Indonesia Set to Impose Income Tax on Crypto Assets from May
Indonesia has announced that it will introduce taxes on crypto assets as part of efforts to generate tax revenue from the rising digital asset trading activities in the country.
Metaverse Developer Epic Games Claims Won't Ban NFTs like Minecraft
Epic Games, Inc., the creator of Metaverse battle royale game Fortnite, says it won't ban NFTs like Minecraft.
TRON Academy Sponsors Princeton Blockchain Club and Partners with TRON Climate Initiative
TRON Academy has become the official sponsor of the Princeton Blockchain Club, the premier blockchain-focused student organization at Princeton University, whose goal is to build a vibrant and diverse network for Web3 natives on campus. TRON DAO is thrilled to be engaged with such a prestigious institution and such an innovative club with a kindred focus on educating the next generation of blockchain developers.
China's Meitu Doubles Down on its BTC and ETH Purchases and Invests Another $50 Million
Meitu has scooped up an additional $50M of crypto, with Ether allocation surpassing Bitcoin's.
Web3 Security 2023 State Revealed, Nearly $2 Billion Lost
CertiK's "Hack3d: The Web3 Security Report 2023" provides a thorough analysis of Web3 security incidents in 2023, highlighting key vulnerabilities and trends in the blockchain and smart contract security landscape.
Google's Parent Company May Utilize Blockchain to Revamp its Existing Products
Alphabet Inc, the parent company of search engine giant Google, is not ready to play the second fiddle when it comes to blockchain technology, marked by the company’s in-depth research into the emerging tech.
Chicago-Based Exchange Cboe to Work on Crypto Offerings as Demand Continues to Rise
Cboe Global Markets Inc., a Chicago-based exchange that provides trading and investment solutions, is ready to get back to the crypto space after previous failed attempts.
South Korea Plans to Postpone Cryptocurrency Tax Rule to January 2022
South Korea is planning to delay the implementation of its crypto income tax rules to January 2022, extending it from its previous time frame of October 2021.
185 Blockchain Hacking Incidents with $920M Loss Reported by SlowMist in First Half of 2023
SlowMist, a renowned blockchain security firm, has recently published its mid-2023 report on Blockchain Security and Anti-Money Laundering (AML). The report offers a comprehensive overview of the current global landscape of blockchain security and AML developments.
Bots Inc Starts Accepting Dogecoin And Other Cryptocurrencies from Tesla Vehicle Buyers
BOTS Inc has announced that it has started allowing Tesla vehicle buyers to pay with cryptocurrencies like Dogecoin and others.
FinCEN Proposes Cryptocurrency Guidelines to Fight Money Laundering and Regulate Unhosted Wallets
The Financial Crimes Enforcement Network (FinCEN) has proposed regulatory measures for businesses operating with cryptocurrencies, such as exchanges.
Director of FinCEN Affirms That Cryptocurrency Industry Is in Line With Agency Regulations
The director of FinCEN (Financial Crimes Enforcement Network) Kenneth. A Blanco believes that the cryptocurrency industry is starting to fall in place with the agency’s regulations on money transmission services.
Oxford City Football Club Partners with CoinCorner to Accept Bitcoin Payment
Oxford City Football Club (OCFC), one of the world's most successful and coveted football clubs, has partnered with Isle of Man-based bitcoin company CoinCorner to offer bitcoin payments.
Blockchain and IoT: Transforming Hong Kong into a Smart City
Blockchain and IoT: Transforming Hong Kong into a Smart City
Laser Digital Secures In-Principal Approval from Abu Dhabi Global Market
Laser Digital, Nomura's digital asset subsidiary, has received In-Principal Approval from Abu Dhabi Global Market's Financial Services Regulatory Authority. The approval allows the company to offer broker-dealer and asset management services in the UAE, subject to fulfilling specific conditions.
Dubai Prince's Hong Kong Office Warned by US SEC, MTR Listed as Untrustworthy
The Hong Kong office of Sheikh Ali Rashed Ali Saeed Al Maktoum, a member of the ruling family in Dubai, has received a warning from the US Securities and Exchange Commission (SEC) regarding their involvement in cryptocurrencies. Additionally, the Hong Kong subway operator, MTR Corporation, has been listed as an untrustworthy company.
Mastercard Enhances Crypto Wallet and Exchange Business
Payment giant Mastercard announced Tuesday to enhance its function and experiment for cryptocurrency wallets and exchanges to their clients. The card issuer cooperates with multiple crypto enterprises to convert crypto and traditional fiat money more accessible.
Square Inc. Considers Rolling Out New Bitcoin Hardware Wallet
Jack Dorsey, the CEO of Square payment firm, has announced that the company is developing a new hardware Bitcoin wallet to give users greater control over their funds.
Shopify Becomes Member of the Libra Association
Canadian-based e-commerce giant Shopify has announced it will become the latest member of the Libra Association's governing council.
Binance linked to illegal cryptocurrency platform Bitzlato
Binance is related to Bitzlato, according to FinCEN. The obscure platform collected $206 million from darknet marketplaces, $224 million through frauds, and $9 million from ransomware perpetrators.
Paxful to Boost Financial Inclusion with Its First Crypto Debit Card
Bitcoin trading platform Paxful announced that it will be adding a crypto debit card to its financial services.
Uniswap Expands Mobile Footprint with Android Wallet Launch
Uniswap has launched a beta version of its mobile wallet for Android on October 12, following the successful iOS app release in April. The Android wallet facilitates easier swaps on various chains without manual network switching, offers robust swap protection against frontrunning, and ensures a transparent fee structure for its users. The launch, part of a broader trend among decentralized exchanges, signifies the growing emphasis on mobile platforms in DeFi.
Human Rights Foundation Chief Strategy Officer: Bitcoin Saves Lives, Increases Freedom and Gives Hope
Alex Gladstein, the CSO of the Human Rights Foundation blasted a reporter who called Bitcoin the “perfect Ponzi”, explaining that BTC crypto creates freedom and gives hope.
Ethereum 2.0 Rival Raises $21.6M Round Led by Andreessen Horowitz for Web-Scale Decentralized Application Platform
Decentralized applications startup Near Inc announced $21.6 million tokens raised led by venture capital firm Andreessen Horowitz (a16z). Joined by other investment firms, including Libertus, Animal Ventures, Notation Capital, Blockchange, Pantera Capital, and Distribution Global, the token sale is the network’s second funding, following a $12.1 million round last July.
Texas Securities Board Issues Emergency Cease and Desist Order to Abra and CEO, William Barhydt
The Texas State Securities Board has taken decisive action against Abra by issuing an Emergency Cease and Desist Order. The order, also directed at Abra's CEO, William (Bill) Barhydt, alleges securities fraud and misleading statements in connection with Abra's digital asset depository accounts.
Cardano Working With SA Blockchain Alliance to Free African Enterprise from Politically Entrenched Legacy Banking Systems
The Cardano Foundation has partnered with the South African National Blockchain Alliance (SANBA) in a bid to expand blockchain adoption and bring financial inclusion to the country of 59 million.
1inch Network Raises $175M in Private Token Sale, Building DeFi Products for Institutional Investors
1inch Network, a renowned decentralized exchange aggregator, announced it had completed its Series B funding round, where it raised the sum of $175 million.
BNB Chain Launches $160K Incentive Program for BSC Projects in Second Phase
BNB Chain unveils Phase 2 of its TVL Incentive Program, offering a prize pool of up to $160K for BSC projects to boost ecosystem growth.
Authorities Uncover Illegal Bitcoin Mining Farm In Kyrgyzstan
Federal authorities have uncovered a large illegal Bitcoin mining site in Kyrgyzstan in the territory of the Bishkek Free Economic Zone.
Electroneum CEO Richard Ells: How ETN Mass Adoption is Empowering the Unbanked
Electroneum is a mobile cryptocurrency that is making serious strides with mass adoption and real-world use in developing nations.
1INCH Hits a New All-Time High
1inch, a decentralized exchange (DEX) aggregator, today announced that 1inch Network aggregated liquidity of MDEX on Binance Smart Chain (BSC).
Shapella Upgrade, Privacy Concerns, Hacks, and Financial Inclusion
The DeFi space had a busy week with the successful completion of the Shapella upgrade on Ethereum, concerns over privacy related to staking, a major DeFi hack, and a partnership between Fonbnk and Tanda to increase financial inclusion in Africa. The top 100 DeFi tokens had a bullish week, and Glassnode predicted only a small percentage of staked ETH would be withdrawn.
Why Regulated Banks Have Greater Potential For Financial Crime Than Bitcoin and Crypto
While agencies focus their attention on transparent Bitcoin transactions, banks have had an official free pass disclaimer to facilitate money laundering the entire time.
Fasset to Drive Financial Inclusion in Indonesia with Mastercard
Digital assets-based fintech startup Fasset Technologies has partnered with payments giant Mastercard to drive financial inclusion in Indonesia.
BIS Survey: 93% of Central Banks Engaged in CBDCs, 15 Retail and 9 Wholesale CBDCs Expected by 2030
The Bank for International Settlements (BIS) has released a survey revealing that 93% of central banks are now engaged in some form of Central Bank Digital Currency (CBDC) work, with retail CBDCs taking the lead over wholesale CBDCs.
1inch Joins Ethereum's zkSync Era for Faster DeFi Transactions
1inch, a decentralized finance (DeFi) protocol, has deployed its aggregation and limit order protocols on Ethereum's zkSync Era. The move is aimed at leveraging faster and cheaper transactions on the layer-2 scaling solution.
KuCoin Pairs with DeFi Data Aggregator 1inch for Implementing Native Swap Function
The Seychelles-based crypto exchange KuCoin has announced a partnership with 1inch DeFi data aggregator to bring native token swap functionality to its in-house wallet.
Apple Seeks Crypto Talents In Charge Of Alternative Payments Business
Apple Inc. is on the hunt to hire a business development manager with crypto experience in the alternative payment business.
Bunzz Raises $4.5M Seed Round to Expand its Smart Contract Hub for DApp Development
Bunzz a web3 development platform for decentralized applications, has completed a $4.5M seed round. Investors included gjmp, DG Daiwa Ventures, Coincheck, and Ceres. Funding will be used to help build out Bunzz’s Smart Contract Hub, which is already used by more than 8,000 dApp developers.
Blockchain-based Agricultural Startup Plans to Unite the Coffee Industry of Honduras
GrainChain being an agricultural start up backed up by Medici Ventures and has shown some prospects so far, plans to bring together the coffee industry of Honduras.
FUSANG Exchange Announces CCB $3 Billion Digital Bond Listing Suspended
FUSANG exchange announced that the listing of the $3 billion digital bond backed by China Construction Bank has been suspended.
Klaytn's Governance Council: Bringing Enterprises and Institutions Together on Blockchain
In part 1 of our interview with Zachary Keats of Klaytn, Kakao’s blockchain development arm, we explored Klaytn and Kakao’s dominance in the online and digital community in South Korea. Although Kakao gives Klaytn a large audience and participant pool in South Korea, what other attributes does Klaytn have that makes it an exceptional blockchain?
Ripple Outpaced Other Blockchain Companies on Inc's List of Fastest-Growing US Companies
Ripple has outpaced other indigenous blockchain companies on a recently published list of 5000 fastest-growing private companies in the United States.
First Digital Group Launches New Stablecoin FDUSD to Revolutionize Global Finance
Asia's leading trust company and qualified custodian, First Digital, is making waves in the global financial ecosystem with the announcement of its new stablecoin, First Digital USD (FDUSD)
CFTC Chairman Calls For Principle-Based Not Rules-Based Regulation For Crypto
Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert has stated his preference for the financial governance to be principle based rather than a strictly enforced set of rules. This extends to cryptocurrency and digital assets.
Coin Center Files Lawsuit against Treasury over Tornado Cash Sanctions
Backing a second lawsuit, Coin Center sues the Treasury Department and the Office of Foreign Asset Control (OFAC) over its sanctions on the Ethereum mixer, Tornado Cash.
Jun 03: Crypto is not for the faint-hearted
Welcome to the world of volatility. Crypto never sleeps. Bitcoin got whipsaw squeezing shorts to trade above $10,400 on Monday only to get smashed down to $9,300 with fresh longs capitulated (see chart below).
China’s Guangdong Province Orders Fresh Crackdown on Bitcoin Mining
Guangdong regulators have revamped a new mechanism for investigations and confiscations of crypto mining activities.
DTube
What is DTube? What are the differences between DTube and YouTube? Learn Dtube by comparing it with YouTube.
Crypto & the FATF Travel Rule: FinCEN Suggests Challenges in Governance, Not Technology
The Financial Action Task Force (FATF) Travel Rule has been in the center of attention lately, which concerns crypto transactions above a certain amount must be accompanied by identifying information.The rule is an update to the existing FATF Recommendation 16, regarding cross-border and domestic wire transfers, and is intended to address the anti-money laundering (AML) and counter-terrorist financing (CFT) challenges as crypto adoption increases. The FATF Travel Rule could mean implications for virtual asset service providers (VASPs), including cryptocurrency exchanges, wallet providers, and custodians.
Estee Lauder Uses Blockchain Technology to Further Beauty Solutions
Estée Lauder Companies (ELC) has established a blockchain platform to meet sourcing standards for its Madagascan vanilla.
Credit Giant MasterCard Grants Wirex First Principal Membership License
Wirex has become the first native cryptocurrency platform to be granted a principal membership license from credit giant Mastercard as part of their accelerated expansion into digital assets.
Why Google Chrome Is Losing Market Share to Cryptocurrency-Powered Brave Browser
Google Chrome is losing some of its customers to the new Brave browser primarily because of the latter's privacy by default model and BAT token incentive.
Declining trend in physical crypto ATMs
The number of physical cryptocurrency ATMs is declining, with 3,627 removed in March 2023, according to Coin ATM Radar. The trend of increasing installations is reversing, with the highest number of machines installed in a single month being 2,048 in January 2021. The three-month-long downtrend was broken in April with 37 installations. General Bytes, BitAccess, and Genesis Coin are the current market leaders in manufacturing crypto ATMs. General Bytes faced a security incident in March and promised to reimburse customer losses.
BitMEX Agrees to Pay $100M in Settlements to the CFTC of the US
BitMEX has reached a settlement with the CFTC and FinCEN on charges bordering on illegal exchange operation.
Mitsubishi UFJ Trust Bank and Ginco Collaborate to Offer Japan's First Crypto Asset Trust Services
Mitsubishi UFJ Trust Bank and Ginco are partnering to provide Japan's first-ever trust services for crypto assets, in line with Japan's Payment Services Act and tax reforms.
Aevo Launches Incentive Program to Boost Trading and Staking
Aevo introduces a trading and staking incentive program, offering enhanced $AEVO earnings for active participants over a four-month period.
How Are Uniswap’s UNI Governance Tokens Taxed?
Uniswap the popular decentralized exchange recently awarded members its UNI tokens. But what do holders need to know about paying tax on UNI governance tokens?
Worldcoin (WLD) World App Reaches 10 Million Users
Worldcoin's World App, launched in June 2023, has over 10 million users, promoting universal basic income and sparked interest in alternative wallets within the Worldcoin ecosystem.
Japan’s Coincheck to List on Nasdaq via SPAC Merger with $1.25 Billion Valuation
Japan's Coincheck wants to become a publicly-traded company in the US.
Apple's New Guidelines Permit NFTs But There's a Caveat
Apple Says developers can now add NFT functionalities on Apps, but it leaves a wide caveat in its updated guideline
SEC Seeks to Freeze Binance.US Assets in Bid to Protect Customers
The Securities and Exchange Commission (SEC) has lodged an emergency action application against Binance Holdings Limited, BAM Trading Services Inc., BAM Management US Holdings, Inc., and their founder, Changpeng Zhao.
Circle's 2024 USDC Economy Report Reveals Significant Growth in Stablecoin Adoption
Circle's 2024 report on the USDC economy highlights significant growth in stablecoin adoption and usage, with a 59% increase in USDC wallets and over $12 trillion settled in blockchain transactions since its inception.
AMC to Accept Crypto alongside Bitcoin at Movie Theaters before the End of This Year
AMC Entertainment Holdings Inc has disclosed that it will accept a variety of cryptocurrencies as payment for tickets and concession payments at all US theatres by the end of the year.
Digital Currency and the Financial Inclusion Drive: The Journey So Far
With the digital currency ecosystem running toe-to-toe with traditional finance, here is a brief look into the journey thus far on the industry's financial inclusion drive.
India’s Telangana State Keeps the Ball Rolling with Blockchain-Centered Incubator
The administration of Telangana, a Southern Indian State, has announced the setting up of an incubator meant for startups in the blockchain technology field
May 25: Negative Rates Eating the World (but not Crypto)
Like Chinese ADRs in the US, it's a sea of red for crypto with Bitcoin down more than 5% in the past 48 hours as it fails to hold above 9k & 8.8k where stops got triggered. No news or catalyst but the lack of bulls to follow through was evident through the volume, and perhaps over this long weekend that the usual buyers haven't been able to pile onto their longs.
Investment Funds for 2020 | Index Funds Centralized Decentralized and the Blockchain
On the outset, this article has been written to put in perspective Index Funds as we know them, which new kind of Index Funds are developing with Cryptocurrencies (Digital Assets) and what developments are taking place in the Global Capital Markets with Blockchain developments.
1inch Investment Fund Dumped 11,000 ETHs (WETHs) for Fusion Test
Ethereum address starting with 0x225d, identified as 1inch: Investment Fund, has reportedly made a substantial swap of Wrapped Ethereum (WETH) for stablecoins USDT and DAI, according to data from DeBank.
Google Privacy Lawsuit: Google Chrome Incognito Records and Shares Private User Data
Google is being sued in a class-action lawsuit, filed on June 2, for the invasion of privacy and sharing users' data, even when they are browsing in private mode.
Crypto Leaders Praise United States SEC Inclusive Accredited Investor Definition, Some Think Its Not Enough
Is the SEC's new accredited investor rule inclusive enough? Crypto industry leaders debate.
Three Altcoins To Watch This Week: 1INCH, ADA, and CAKE
As the market prepares for a new week with unpredictable twists, 1INCH, Cardano and PancakeSwap are worth watching.
Best Before: 26 June 2020
What's going to be interesting is BTC options expiry as close to $1bn of open interest (or more than 100k BTC options) will set to expire today. Some have asked if we are gonna see any impact, I actually see little as most of the OI are skewed towards 10k and beyond, so I see little gamma action into the close as these calls are likely to expire worthless.
Stellar Lumens: FinCEN Regulatory Proposal May Have “Far-Reaching Consequences for Blockchain and Crypto”
Much like many in the blockchain and cryptocurrency industry, Stellar Lumens has taken up FinCEN on its request for comment for its proposed crypto rule.
The Bitcoin mining community has experienced a 50% increase in revenue through mining
Bitcoin mining income dropped to $13.6 million on Dec. 28, 2022, putting pressure on mining businesses.
SEC Commissioner Expresses Dissent on LBRY Case Outcome
SEC Commissioner Hester M. Peirce criticizes the commission's enforcement action against blockchain firm LBRY, Inc., highlighting the case as an example of regulatory overreach that stifles innovation and fails to adequately protect investors. Amidst ongoing legal actions against crypto enterprises, Peirce's dissent underscores the need for a balanced regulatory approach to foster innovation and investor protection in the blockchain and crypto sectors.
Binance Japan Announces Launch Details, Set to Become Top Domestic Exchange with 34 Cryptocurrencies
Binance Japan announced plans to launch in August with 34 cryptocurrencies, surpassing domestic rivals. The offering includes unique features but excludes leverage trading.
GSR Secures Major Payment Institution Licence from Singapore's MAS
GSR, a global cryptocurrency trading firm, has received In-Principle Approval for a Major Payment Institution licence from the Monetary Authority of Singapore (MAS). The approval allows GSR's Singapore subsidiary, GSR Markets Pte. Ltd., to better serve the cryptocurrency community. The news comes a day after Coinbase Singapore announced its full licence, highlighting the competitive yet regulated crypto landscape in Singapore.
China's Hainan Province Cautions Citizens Against Illegal Crypto Trading
China's Hainan Province has banned illegal crypto offerings, upholding the country's early ban on digital currency-related activities.
Bahamas Looks to Deploy its CBDC The Sand Dollar Across Borders
The Central Bank of the Bahamas (CBOB) has says it wants its digital currency dubbed the Sand Dollars integrated with other countries' currency.
Tokenize the Future: What Tokenization Means For Financial Access
Thanks to advances in financial and blockchain technology, any tradeable asset can be digitally represented as a token and issued onto a blockchain creating greater access.
Sandbox Launches Metaverse Accelerator Program, Offering $50M for 100 Startups
Virtual Metaverse gaming platform Sandbox has launched the Metaverse accelerator program, which will provide 100 startups with $50 million in start-up capital to promote the development of the Metaverse.
Heads of SEC, CFTC and FinCEN Jointly Warn Crypto Industry to Follow Regulations
The heads of the three major US financial regulators have issued a joint statement warning the cryptocurrency industry to adhere to banking regulations in the development of digital assets.
MicroStrategy Plans to Raise $400M Of Debt to Add More Bitcoins on Its Balance Sheet
MicroStrategy Inc. plans to borrow $400 million through senior secured notes from qualified institutional buyers. The company plans to use the proceeds made from the sales to purchase more Bitcoins.
Argentina's Mendoza Province Begins Accepting Tax Payments in Crypto
Argentina’s province of Mendoza announced last week on Friday that it has enabled a system that allows residents to pay taxes using cryptocurrencies.
Could Blockchain Increase Diversity in the Way Films are Nominated for the Academy Awards?
The film awards season has finally passed for the year and a look back over the last few weeks, unfortunately, uncovers lingering problems with diversity among the nominations for both the BAFTAs and the Academy Awards (Oscars). Could blockchain provide a solution?
Mastercard and GrainChain Bring Blockchain Provenance to Commodity Supply Chain in Americas
Mastercard has announced a partnership with GrainChain, a blockchain-based supply chain management firm to enhance the commodity supply chain in the Americas
South Korea will Impose a 20% Tax on Capital Gains from Cryptocurrencies Next Year
The South Korean administration is not relenting on its quest to levy a 20% income tax on capital gains from crypto transactions in 2022 despite growing investor concerns for the taxation plan to be delayed.
When China Yuan Sneezes, Bitcoin Wears a Mask
My thesis continues to be that larger accounts (i.e. whales who own > 1000 BTC) have started to liquidate (which I shared yesterday that this number have continued to decline for the past two weeks), and potentially chase/re-allocate into equities.
Arbitrum Community Pilot: Voting on the Distribution of 25 to 45 Million ARB in Long-Term Incentives
Arbitrum community votes on a pilot program to distribute 25 to 45 million ARB tokens as long-term incentives to protocols on its platform, aiming to enhance ecosystem growth and innovation.
Brazilian fintech giant XP Inc Launches Crypto Trading Platform XTAGE
Brazilian fintech giant XP Inc has announced the official launch of the XTAGE cryptocurrency trading platform in Brazil, opening the door for more than 3.6 million potential users to invest in the cryptocurrency market.
FinCEN's Proposed Crypto Rule Does Not “Follow Proper Procedure”- Coinbase CEO
Coinbase CEO Brian Armstrong criticized the FinCEN's proposed regulatory procedure for cryptocurrencies, calling it ill-advised.
CoinCodex and CoinGecko Break CoinMarketCap's Monopoly on Cryptocurrency Rankings and Price Tracking
Since the release of Bitcoin in 2009, the cryptocurrency industry has continued to evolve to the extent that major banks like JP Morgan Chase have started supporting crypto businesses. This trend has created avenues for various cryptocurrency comparison sites that list prices, market cap, trading volume, and coins in real-time. Nevertheless, this field is no longer a one-stop shop because CoinGecko and CoinCodex have come up, and they are giving CoinMarketCap a run for its money.
Apple to Permit Developers to Host NFT-Based Apps on App Store
American multinational tech giant Apple Inc is coming to terms and is billed to allow Web3.0 startups to sell their Non-Fungible Tokens (NFT) through its App Store.
PARSIQ Integrates Chainlink Oracle Price Feeds to Trigger Off-Chain Actions and Trading Decisions
Blockchain monitoring and automation platform PARSIQ has integrated Chainlink price oracles to trigger off-chain actions and trading decisions.
Canaan's Q4 2022 Revenue Declines by 82.1% YoY to $56.8M
Canaan, a Chinese Bitcoin miner and manufacturer of ASIC mining machines, reported an 82.1% YoY revenue decline to $56.8M in Q4 2022. The company's net income swung to a $63.6M loss due to inventory write-downs and research expenses. Despite the decline in revenue, Canaan's mining revenue improved by 368.2% YoY to $10.46M.
Elon Musk Responds to Dogecoin Founder's Drastic Income Reduction
Elon Musk, CEO of Tesla and SpaceX, responds to Dogecoin founder Billy Markus's decrease in social media earnings, highlighting the complexities of monetization algorithms and the fairness of revenue-sharing models, amidst increasing competition in the market.
Circle CEO: Treasury’s Crypto Wallet Rule is a Potential Next Level of Financial Surveillance Never Seen Before
Circle's CEO said that the proposed rule introduces a “potential for a level of financial surveillance that goes beyond anything...
Starknet Foundation Establishes DeFi Committee to Boost Ecosystem
Starknet Foundation has launched a DeFi Committee to bolster its DeFi ecosystem. Chaired by six experts, the committee will strategize and implement an on-chain liquidity incentive program, marking a strategic move for Starknet in the DeFi space.
FinCEN Warns Social Media Companies Involved in Crypto to be Vigilant Regarding Illicit Transactions
The Financial Crimes Enforcement Network (FinCEN) has urged social media and messaging companies that are working with on cryptocurrencies to be vigilant about illegal transactions.
Upbit Announces Dunamu & Partners' Digital Asset Holdings for October 2023
Upbit discloses Dunamu & Partners' #Bitcoin holdings as of October 2023, holding 2,081.84950412 BTC with no sales transactions recorded, aligning with Upbit's transparency principle in digital asset trading.
Genesis Digital Assets Purchases 20,000 Bitcoin Mining Machines from China’s Manufacturer Canaan
American Bitcoin mining firm Genesis Digital Assets is purchasing additional 20,000 units of bitcoin ASIC miners from China’s Bitcoin mining hardware manufacturer Canaan Creative. The purchase will help Genesis to scale up its mining operations.
French Finance Minister Praises Blockchain, but Condemns Cryptocurrency
French Finance Minister Bruno Le Maire has once again made his stance on crypto clear – he is critical of it and does not support it.
Vitalik Buterin: Supporting Decentralized Staking through Anti-Correlation Incentives
Vitalik proposes anti-correlation incentives to promote decentralization in staking protocols, penalizing misbehaving actors and implementing them in various scenarios, backed by empirical data.
Coincover Sets Eyes on Crypto-based Insurance Service
Coincover, a Cardiff based start-up in the United Kingdom, has gone a notch higher by introducing a crypto-based insurance service. The primary objective of this move is deterring asset loss and theft in the cryptocurrency space.
Everything You Need to Know about 1inch
1inch is a Decentralized Exchange (DEX) aggregator built on Ethereum. It is a type of liquidity protocol specialized in providing customers with the most favourable and most convenient transaction route by automatically aggregating offers from other decentralized exchanges.
Nobel Laureate Prof Banerjee - Applying RCT to Financial Inclusion
Economists have long theorized on and sought to implement initiatives to increase financial inclusion. What are some of the policy initiatives developing countries should adopt to drive financial reform? What effect have initiatives had thus far in facilitating this financial transformation? Prof Banerjee will speak at the Asian Financial Forum on January 14th and explain his team's groundbreaking application of randomized control testing to inclusive finance.
Citi to Hire 100 Staff Members for Digit Assets Expansion Drive
Citi Group is looking to fill 100 jobs in its digital assets team. The news comes after the bank recently launched a digital assets group as part of its effort to respond to its customer demands for crypto products.
World Economic Forum Views Cryptocurrency as Pivotal Tool for Financial Inclusion
The WEF thinks cryptocurrencies can be pivotal in offering financial services to one-third of the world’s adults, approximately 2 billion people, who are unbanked.
dYdX Initiates Token Migration Following Layer-1 Blockchain Inception
Antonio Juliano, dYdX founder, has flagged an upcoming large-scale migration of locked $DYDX tokens to the dYdX Chain following its recent launch. This migration, strictly abiding by legal agreements, marks a significant phase in dYdX's transition to a layer-1 blockchain, amplifying the utility of DYDX tokens for staking and governance purposes.
IMF Warns of AI's Impact on Global Job Market: 40% Positions at Risk
The IMF warns that AI could impact 40% of global jobs, rising to 60% in advanced economies. This trend may exacerbate income inequality, with younger workers adapting more easily than older ones. The IMF urges comprehensive safety nets and retraining programs to mitigate the effects.
DoD Agency DARPA Taps Inca Digital to Assess Crypto Impacts
The Defense Advanced Research Projects Agency (DARPA), a division of the United States Department of Defense (DOD) has tapped Inca Digital to develop mapping tools to analyze the impacts of crypto as it concerns national security.
What Does the Japanese FinTech Landscape Look Like?
Tokyo, the capital of Japan has been ranked as one of the top 12 FinTech hubs in the world by Deloitte’s A tale of 44 cities: Connecting Global FinTech: Interim Hub Review 2017. The Tokyo Metropolitan Government (TMG) created policy outlines to form the city with the vision of an unrivaled global financial center.
Payments Firm Bolt Scraps $1.5B Proposed Acquisition of Crypto Firm Wyre
Bolt said that it has pulled out of a $1.5 billion deal to buy crypto firm Wyre amid market downturn.
Circle Formally Refutes Allegations of Illicit Financing and Connections to Justin Sun
Circle denies CfA's allegations of illicit financing and Justin Sun ties, emphasizing regulatory compliance and advocating for stronger stablecoin laws, as clarified by Dante Disparte.
BlackRock CEO Highlights Digital Assets and Tokenization
Larry Fink's annual letter to BlackRock highlights the potential of digital assets and tokenization, citing advancements in digital payment solutions for financial inclusion in emerging markets.
KKR Tokenizing Part of its Private Equity Fund on Avalanche Blockchain
KKR plans to tokenize part of its second Health Care Strategic Growth Fund to expand individual investors’ access to private investment vehicles.
FUSANG Exchange Lists First Publicly Available Blockchain-Based Digital Bond Backed by CCB
Asia’s first digital security exchange FUSANG is partnering with heavy weight China Construction Bank (CCB) to offer the first ever digital, tokenized, blockchain-based bond.
Tesla Inc Purchases $1.5 Billion in Bitcoin and Plans to Begin Accepting BTC Payments
As per the US SEC filing announced on Monday, February 8, Tesla has invested $1.5 billion into Bitcoin and intends to accept the crypto payments.
Square Inc. Launches Alliance for Crypto and Blockchain Companies to Fight Patent Trolls
Square has announced that it has successfully launched COPA to empower blockchain and crypto companies and to protect them from patent hoarding trolls.
Canadian Dollar Stablecoin QCAD Launched for Mass Market
Canada Stablecorp Inc. has launched a new regulated Canadian Dollar stablecoin called “QCAD”.
PayPal Officially Confirms that It is Acquiring Crypto Custody Firm Curv
PayPal Inc. has officially confirmed its plans to acquire the crypto startup company Curv.
Venture Capital Company Benchmark to Pump $50 Million into Ethereum-Based Fantasy Football Platform Sorare
Benchmark, a venture capital company that earlier backed Ebay Inc., Twitter Inc., and Uber Technologies, plans to invest a whopping $50 million into Ethereum-powered fantasy football platform Sorare.
World's Second Largest Bitcoin Mining Company Raises $90M in US IPO
The world’s second-largest bitcoin mining equipment producer, Canaan Inc. raised $90 million during its initial public offering (IPO).
Square Wants Less Technical User-Friendly Cryptocurrency Wallets
Square Crypto, the cryptocurrency arm of the online payment service provider Square Inc is set to fund the development of crypto wallets with enhanced UX.
MicroStrategy Adds Additional 2574 Bitcoins To its BTC Portfolio for $50 Million
Nasdaq-listed MicroStrategy Inc has made another move to shore up its Bitcoin portfolio by purchasing an additional 2574 BTC for $50million.
Nasdaq-Listed Riot Blockchain Posts a Profitable Third Quarter
Riot Blockchain Inc, one of the few blockchain companies to be listed on the Nasdaq has posted yet a profitable third quarter performance.
Ripple is Determined to be Carbon Neutral by 2030
Ripple Labs Inc, the blockchain company behind the Ripple (XRP) coin has declared its intentions to eliminate all of its carbon footprint by 2030.
Crypto.com Leverages Amazon's AWS Cloud To Enhance Scalability and Security
Crypto.com will now leverage Amazon Web Services, Inc (AWS) cloud provider to provide enhanced scalability and security for its 5 million users,